Additional borrowing for personal loans

If you already have a TSB personal loan and are looking to borrow a bit more, you can request this online.

Want to borrow more on your existing personal loan?

When applying for additional borrowing within Internet Banking, you can tell us how much additional money you need or how much extra you can afford to pay each month by using our loan calculator. There are two options to help you decide what's right for you.

Option 1 Option 2

Combine your existing loan in a single payment

Keep your existing loan and take out a separate loan

Eligibility requirements

If you're looking to apply to borrow more, you need to:

  • hold an existing TSB Personal Loan (Please note that if you already have multiple loan holdings you cannot apply online. Please visit a branch or call us.)
  • hold the existing loan in your sole name or if it's a joint loan, come into branch or call us on 0345 835 3861
  • borrow a minimum additional amount of £1,000
  • choose whether to apply for an additional loan or combine your existing TSB Loan and new borrowing (up to £25,000) in a single monthly repayment
  • satisfy us that you can afford to pay back the loan

What you need to know about additional borrowing

  • APR offered will depend on the amount you wish to borrow and your individual circumstances
  • before you accept our offer, the rate can vary and be withdrawn without notice
  • if you refinance any existing debts you may pay a higher rate of interest or make repayments over a longer term. This means that you may pay more interest overall 
 

Find out more about our loans, including fees and charges, by visiting our FAQs page.

Loans calculator

Get an idea of what a new loan could cost if you choose to take a second loan or refinance your existing one.

Calculator

 

 

How to apply

 
To be eligible for our personal loan, you must:
  • be 18 or over
  • be a resident of the UK with no history of adverse credit
  • have had a TSB bank account for more than 3 months
  • make repayments by Direct Debit
  • be a permanent paid employee, self-employed or retired with a pension
  • Satisfy us that you can afford to pay back the loan

Thanks for choosing TSB for your Personal Loan. We will soon be moving on to a new state of the art IT system to allow us to bring you a better service in the future. This means we can’t accept or progress any new applications online until we complete these changes but you can apply in one of our branches or by calling us.

You need to have held a TSB current account for more than 3 months.

Find a branch and apply for a loan in person.

Call us 0345 835 3861

Lines are open Monday to Friday 8am - 6pm and Saturday 9am - 2pm. Closed Sundays.

Call

Call

Bank over the phone 24/7 using our automated service - call 03459 758 758.

Telephone Banking
Visit

Visit

Find your nearest branch or cash machine using our Branch Locator tool.

Find branches